Entravision Communications Corp. (EVC) Trading Up 0.8%
Entravision Communications Corp. (NYSE:EVC)’s share price was up 0.8% during trading on Wednesday . The stock traded as high as $7.54 and last traded at $7.50, with a volume of 131,950 shares changing hands. The stock had previously closed at $7.44.
Separately, Zacks Investment Research downgraded shares of Entravision Communications Corp. from a “hold” rating to a “sell” rating in a report on Monday, May 9th.
The stock has a market cap of $690.33 million and a P/E ratio of 30.84. The company’s 50-day moving average is $7.53 and its 200 day moving average is $7.34.
Entravision Communications Corp. (NYSE:EVC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $64.82 million for the quarter, compared to analyst estimates of $63.38 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. Entravision Communications Corp.’s revenue was up 8.2% on a year-over-year basis. Analysts predict that Entravision Communications Corp. will post $0.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.0313 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, September 13th.
In other Entravision Communications Corp. news, Director Esteban E. Torres sold 108,179 shares of Entravision Communications Corp. stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $6.16, for a total transaction of $666,382.64. Following the completion of the sale, the director now directly owns 108,179 shares in the company, valued at $666,382.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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